JCI Closes Higher, Surging 85 Points, Driven by Bank and Conglomerate Stocks
Jakarta - The Composite Stock Price Index (JCI) added to its gains by 1.22 per cent or 85.15 points at the close of trading on Tuesday, 5 May 2026. This surge pushed the index to park at the level of 7,057.11.
Based on monitoring by VIVA on Stockbit, the JCI briefly dipped to the level of 6,924 before rebounding to touch the area of 7,604. The JCI moved fluctuatively in the green zone and successfully reached 7,065 as the intraday high.
The transaction value throughout the trading session today was recorded at Rp 15.82 trillion with a daily transaction volume of 388.26 million. The trading activity conducted by investors totalled 2.46 million transactions.
Analysts from Phintraco Sekuritas stated that the decline at the start of the trading session was due to the impact of weakening global stock indices and the rise in crude oil prices. The JCI then reversed to strengthen, among other things driven by gains in conglomerate and banking stocks.
“Domestic economic growth data of 5.61 per cent year-on-year (yoy) in the first quarter of 2026 became one of the positive factors,” said an Analyst from Phintraco Sekuritas in their daily research on Monday, 5 May 2026.
From a technical perspective, Analysts from Phintraco Sekuritas observed that the Stochastic RSI indicates a reversal from the oversold area. This is supported by the narrowing negative histogram of the MACD.
The raw materials sector led the gains at 2.86 per cent, followed by the infrastructure sector rising 2.58 per cent. Gains were also recorded in the finance sector at 2.30 per cent, the energy sector increased 1.40 per cent, the transportation sector rose 1.08 per cent, the non-cyclical consumer sector soared 0.49 per cent, and the cyclical sector rose slightly by 0.16 per cent.
Meanwhile, the health sector plunged 1.52 per cent, followed by the technology sector at 0.71 per cent. The industrial sector corrected by 0.62 per cent, and the property sector fell 0.14 per cent.